EU’s CBAM policy projected to hit some African countries very hard — experts

The European Union’s landmark Carbon Border Adjustment mechanism (CBAM) will push producers to decarbonize, yet make it harder to do so, because it is a poorly designed policy that can end up doing more harm than good, according to a latest study published by ‘African Arguments’ that also suggests that the CBAM policy could cut […]

Emirati Group Opens New Logistics Center in Tangier

The UAE-based freight and logistics chain, Emirates Logistics, inaugurated, in the Tangier Automotive City free zone, a new logistics center. The opening ceremony of the center, which offers just-in-time logistics services on finished products, raw materials and spare parts for industrial companies, was attended by the UAE Minister of Economy, Abdullah Bin Touq Al Marri, […]

Egypt’s Shura fights Bank tax evasion

The Shura Council’s last week decision to raise taxes on bank loan provisions has generated discontent from the banking sector, after the amendments were submitted to the legislature without being discussed at the Shura. Banks in the country criticized the move which was initiated by a parliament member from Muslim Brotherhood’s Freedom and Justice Party. […]